SunSirs: The Market Price of Melamine Had Fallen (January 8-12)
January 15 2024 14:54:01 SunSirs (John)
Price trend
The melamine market had declined this week. According to the Commodity Market Analysis System of SunSirs, as of January 12th, the average price of melamine enterprises was 7,450.00 RMB/ton, a decrease of 0.33% compared to Monday's price.
Analysis review
Cost side: According to the analysis system chart of the commodity market in SunSirs, the reference price of urea on January 11th was 2,470.00RMB/ton, a decrease of 0.6% compared to January 1st (2,485.00RMB/ton). Recently, the market price of raw material urea had declined, and the cost support from the melamine market was weak.
Supply and demand side: Recently, the industry's capacity utilization rate had been around 70%, and downstream buying enthusiasm had slowed down. The market atmosphere was flat, and the mentality of the industry was insufficient. The focus of negotiations in the melamine market had declined under pressure.
Market outlook
SunSirs' melamine analyst believes that the cost support was insufficient, the industry was operating at a high level, and demand was weak. It is expected that in the short term, the melamine market may experience weak consolidation and operation, and more attention should be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-22 SunSirs: The Market of Melamine Was Stable and Consolidated (April 15-19)
- 2024-04-12 SunSirs: Demand Was Insufficient and the Melamine Market Was Operating under Pressure
- 2024-04-07 SunSirs: Poor Demand Led to a Decline in Melamine Prices
- 2024-04-01 SunSirs: The Supply-demand Contradiction Had Emerged, and the Price of Melamine Fell in March
- 2024-03-22 SunSirs: The Melamine Market Was Weak and Stable, with Cautious Atmosphere
